Scotiabank Estimates Orla Mining’s FY2024 Earnings (TSE:OLA)

Orla Mining Ltd. (TSE:OLA) – Research analysts at Scotiabank upped their FY2024 earnings per share (EPS) estimates for shares of Orla Mining in a note issued to investors on Wednesday, January 8th. Scotiabank analyst O. Habib now forecasts that the company will post earnings per share of $0.31 for the year, up from their prior forecast of $0.30. Scotiabank has a “Outperform” rating and a $7.75 price objective on the stock. The consensus estimate for Orla Mining’s current full-year earnings is $0.34 per share.

OLA has been the topic of a number of other reports. Desjardins upgraded shares of Orla Mining to a “moderate buy” rating in a research note on Thursday, October 31st. Stifel Nicolaus increased their price target on shares of Orla Mining from C$8.00 to C$9.75 in a research report on Monday, December 2nd. Finally, CIBC lifted their price target on Orla Mining from C$8.50 to C$9.25 in a research note on Tuesday, December 17th.

Orla Mining Stock Down 1.3 %

OLA stock opened at C$8.48 on Friday. The company has a current ratio of 5.89, a quick ratio of 1.22 and a debt-to-equity ratio of 17.76. The firm has a 50 day simple moving average of C$7.23 and a 200-day simple moving average of C$6.19. The company has a market capitalization of C$2.71 billion, a P/E ratio of -169.60 and a beta of 1.57. Orla Mining has a twelve month low of C$4.07 and a twelve month high of C$8.67.

Orla Mining Company Profile

Orla Mining Ltd. acquires, explores, develops, and exploits mineral properties. The company explores for gold, silver, zinc, lead, and copper deposits. It owns 100% interests in the Camino Rojo project that consists of seven concessions covering an area of 138,636 hectares located in Zacatecas, Mexico; Cerro Quema project totaling an area of 15,000 hectares located in the Azuero Peninsula, Panama; and the South Railroad project consisting of an area of 21,000 hectares located in Elko, Nevada.